Bank of the Republic

Participants operating in the Istanbul Finance Center (IFC) will be able to conduct their accounting transactions in foreign currencies starting from 2025.

The "General Communiqué on the Tax Procedure Law," which was prepared by the Revenue Administration of the Treasury and Finance Ministry, entered into force after being published in the Official Gazette.

Inflation in Türkiye is expected to fall to around 24 percent next year, according to a report released by the International Monetary Fund (IMF) on Wednesday.

"In the medium term, a further drop in inflation would boost confidence, and growth would rise back toward potential of 3.5-4 percent," the IMF said in its 2024 Article IV Mission.

Fitch Ratings has revised its outlook for the Turkish banking sector from neutral to improving, citing reduced financial risks and increased investor confidence following the country's adoption of more conventional economic policies.

Türkiye's central bank chief Hafize Gaye Erkan said on Feb. 2 that she was resigning after less than a year on the job.

The exorbitant increases in real estate sales prices and rents over the past three years have led to radical changes in the areas where people buy and rent for necessity. At the same time, for small investors, the high prices have led to a search for new regions. As a result, Thrace has had a clear advantage in the residential land purchase graph for the last three years.

The Istanbul Financial Center (IFC) will open on April 17, Environment, Urbanization, and Climate Change Minister Murat Kurum has said.

A ceremony will be held to deliver houses in the Fikirtepe neighborhood to be attended by President Recep Tayyip Erdoğan, Kurum said during a visit in Istanbul.

The Saudi Fund for Development (SFD) and the Turkish Central Bank have signed an agreement for the SFD to make a 5$5 billion deposit in the bank.

A well known group of supposedly Greek-based hackers, calling themselves "Powerful Greek Army", has claimed it took down the pages of several banks in North Macedonia on Tuesday evening for a couple of hours.

Newly renamed North Macedonia's government says 136 state-funded institutions will adjust their names in the next four months under a historic deal the country struck with neighboring Greece last year.